SEC Asks NTC to Block Binance in Philippines

[Agbe]

SEC to ban Binance app

https://www.philstar.com/business/2024/04/09/2346254/sec-ban-binance-app
Philippines SEC e don dey plan to ban di Binance app in the country. Dey told di National Telecommunications Commission (NTC), to remove all di website dey connected to Binance and why are they planning to Block Binance from the country is that dem say Binance been dey operate in different country illegal without license. I think Nigeria also accused them of this kind of allegations before dis whole drama came up. Sometimes when I look at this cases, Binance dey do dem sef. How can they faced the same charges in different countries. And that means it shows that they are not obeying di law of the land prefer to operate illegal way.

[enwi]

SEC to ban Binance app

https://www.philstar.com/business/2024/04/09/2346254/sec-ban-binance-app
Philippines SEC e don dey plan to ban di Binance app in the country. Dey told di National Telecommunications Commission (NTC), to remove all di website dey connected to Binance and why are they planning to Block Binance from the country is that dem say Binance been dey operate in different country illegal without license. I think Nigeria also accused them of this kind of allegations before dis whole drama came up. Sometimes when I look at this cases, Binance dey do dem sef. How can they faced the same charges in different countries. And that means it shows that they are not obeying di law of the land prefer to operate illegal way.

When we discuss permits to set up an exchange site, Binance must prepare a large amount of money to obtain a trading permit in a country. A government in a certain country might use Binance to get quite a large amount of money, therefore if Binance spends money it is very careful and it is not easy to use the assets owned by Binance.

[Rruchi man]

https://www.rappler.com/business/sec-asks-national-telecommunications-commission-block-binance/
This is no longer a News in the local boards both here and Bitcointalk di drift between Nigeria government and her agencies with Binance and her agencies (Securities and Exchange Commission, SEC). And now Philippines SEC has told their Telecommunication Commission to Block everything concerning Binance in the country.

Binance has a lot of issues in many countries currently; they are facing massive attacks from different countries, all of which are mostly linked to money laundering.
The latest is Canada, which just fined Binance over four million dollars for money laundering violations.

source
All the trust that people have left with Binance is slowly dying.

[electronicash]

https://www.rappler.com/business/sec-asks-national-telecommunications-commission-block-binance/
This is no longer a News in the local boards both here and Bitcointalk di drift between Nigeria government and her agencies with Binance and her agencies (Securities and Exchange Commission, SEC). And now Philippines SEC has told their Telecommunication Commission to Block everything concerning Binance in the country.

Binance has a lot of issues in many countries currently; they are facing massive attacks from different countries, all of which are mostly linked to money laundering.
The latest is Canada, which just fined Binance over four million dollars for money laundering violations.

source
All the trust that people have left with Binance is slowly dying.

they are making a comeback in India by the way. i guess they prioritize the country with the biggest population. but i think binance will also come back to Nigeria as long as they will come up with a reasonable amount they wanna take from binance.

in the philipines, they are still used despite the people keep saying goodbye to them.  i still use my binance app actually, its like there never was a blockade. but binance already express their intention to negotiate.